Arq Group courts buyers for ‘deteriorating’ enterprise division
Beleaguered IT services company Arq Group is priming itself for the sale of either its enterprise or SMB divisions following a challenging year.
Beleaguered IT services company Arq Group is priming itself for the sale of either its enterprise or SMB divisions following a challenging year.
ASX-listed Arq Group has overhauled its executive leadership team leading to the departures of enterprise managing director Peter Wright and SMB managing director Emma Hunt.
Arq Group has revealed a new organisational structure that has seen a flattening and broadening of its leadership team with two senior executives departing the business.
Arq Group has reported a 118 per cent net loss after tax down to $2.3 million in the red with EBITDA falling 39 per cent to $19.5 million for the full 2018 financial year, ending 31 December.
Acquisitions made by Melbourne IT in 2017 have contributed to a substantial boost in the company’s financials for the year ending 2017.
The acquisitions undertaken by Melbourne IT earlier this year have given the company’s half-yearly financials a boost.
Melbourne IT is in the “final stages” of bringing on fresh enterprise talent as it ramps up its ongoing transformation.
Melbourne IT takes a step closer to boosting its managed marketing solutions offering for small businesses.
The managed service provider posts $10.7M in net profit for the year.
Melbourne IT has pointed to increased growth in enterprise services as it reports half-yearly boost in earnings and profit.
Melbourne IT is set to acquire Cloud services provider Uber Global for $15.5 million as it posts a net profit of $7.9 million in its 2014 full year results.
ASX-listed Melbourne IT (ASX:MLB) has revealed its net profit has dipped to minus $4.6 million in the first half of its 2014 financial year, ending June 30
Former Optus boss Martin Mercer has taken over as MD of web hosting company Melbourne IT.
Melbourne IT has appointed Netregistry founder and chief executive Larry Bloch as a new company director.
Following a month or speculation, Melbourne IT, has unveiled that its new chief executive officer (CEO) and managing director will be Martin Mercer, following the departure of Theo Hnarakis who stepped down on December 5.